It’s official, Phil Jackson has been named the New York Knicks’ team president on Tuesday. Sitting with Knicks owner James Dolan and general manager Steve Mills the announcement was made and Phil Jackson is back at home to the Knicks. If you didn’t know, Phil Jackson played for the Knicks eons ago and won the first of his two championship rings.

“So today is an historic day for the Knicks as we announce that Phil Jackson has been named our team president,” Dolan said.

According to ESPN the man himself, Michael Jordan weighed on New York’s newest hire and that his former coach will indeed be successful at his new position. The Hall of Famer went on to say that his coaching strengths and methods are transferable to the front office.

“Just because he’s never been an executive before doesn’t mean he can’t do that. He’s wanted to do it for a while now, and I know he can do it … so long as he has the necessary pieces in place,” said Jordan.

Speaking from experience, Jordan is well aware of the challenges of working behind the scenes and making executive basketball decisions, so it’s a good sign for Phil that Jordan favors the hire.

Jordan, who is the Charlotte Bobcat’s chairman, said he is willing to help Jackson, but not with any trade favors.

Jackson has signed a five year deal and he’ll have to hit the ground running. This summer Carmelo Anthony is an unrestricted free agent, so that will be one of his biggest priorities. Phil commented that he can see Anthony being a Knick in the future and he can play at another level.

Phil was asked if he has any interest in coaching and he adamantly said no. Jokingly saying that he’s “too old to play and too lame to coach”.

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